Cryptobros present bitcoin as an hedge against inflation. The best hedge against inflation is Socialism, because things are priced according to their cost of production, not by how much profit someone will make.
Commodities are sold at their cost of production in capitalism too. Profit is the surplus value that is stolen during the process rather than distributed to the worker.
Supply and demand describe the fluctuations of the prices of commodities about their costs of production. They do not describe the prices of the commodities themselves. Oil’s demand is relatively inelastic --and its supply constrained by cartels-- and as such its price can remain detached from its costs of production, enabling super-profits.
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